In this post I will be reviewing the Forex Triple B trading strategy. This is a manual forex trading system designed by forex mentor Vladimir Ribakov. I have reviewed his forex software and services in the past and have always been impressed by the sheer amount of detail and understanding that goes into his work. Forex Triple B is no exception. This is a manual trading system suitable for beginner and advanced traders – whatever level of trader you are, you can find great use from the Forex Triple B trading strategy. I have reviewed some of Vladimir Ribakovs other forex trading software including Forex Crystal Ball, sRs Trend Rider Pro, Divergence University and Traders Academy Club.
What is Forex Triple B Pro?
As mentioned, Forex Triple B is a manual forex trading strategy that includes indicators and templates for you to use on your MetaTrader platform charts. It has a built-in algorithm that will automatically scan the markets for possible trading opportunities. You can use it as a standalone forex system or implement it within your own trading strategy. Either way, I would always filter each and every possible trading signal with my own market analysis.
When developing the Forex Triple B and the Triple B Pro version, Vladimir Ribakov decided to address the needs of individuals who need a friendly, simple tool that will provide accurate, efficient trading signals without diving into complicated technical details. The Forex Triple B Pro version works on all timeframes and thus suits all types of traders. No less important, the trading filters have been updated to ensure top accuracy and maximum results.
One of the main features the Forex Triple B Pro version has is the automacted trend analyzing tool. And you get the fully “pre-analyzed” conditions for easy use and read of clear trending conditions. They have classified 3 different trend sensitivities and you can enjoy from automated analysis that the indicator does for you.
Another handy feature that they have built in the Forex Triple B Pro system are the Pivot levels. Pivot levels help traders to spot the best trading levels during the day or the week based on pure mathematical calculation, based on the price action. The pivot indicator allows you to check all the indicator from one comfortable trading dashboard.
Forex Triple B Pro Trading Strategy
The Forex Triple B trading strategy can be used by scalpers, day traders and swing traders. Whatever your trading style it can adapt to suit your needs. It can be used on any currency pair and time frame.
It was originally released in November 2014 and become a very popular strategy amongst forex traders, some who even still use it today. It combined Bollinger bands with divergences for accurate trading signals that gave entries with sensible risk to reward ratios.
Since then, there has been years of testing and slight modifications to produce the even better Forex Triple B trading system.
It consists of 5 different elements: MetaTrader 4 trading template for the system with signal alerts; built in multiple time frame filters for the entry zone, divergence and risk to reward ratio; Higher time frame colour coded guidance; Visual buy/sell zone; 1 click trading and alerts (phone, terminal, email).
This is a professional and complete manual forex trading system. It sees overwhelming at first but really it is not, the visuals make it really easy to understand and it is clear when to enter and exit trades. It will require discipline and good money management. I would confirm all signals before taking a trade.
Bollinger Bands
A core component of the Forex Triple B system is Bollinger Bands which are envelopes plotted at a standard deviation level above and below a simple moving average of the price. Because the distance of the bands is based on standard deviation, they adjust to volatility swings in the underlying price. Bollinger Bands use 2 parameters, Period and Standard Deviations, StdDev.
Bollinger Bands, a technical indicator developed by John Bollinger, are used to measure a market’s volatility and identify “overbought” or “oversold” conditions. Basically, this trading indicator tells us whether the market is quiet or whether the market is active.
Divergence
Another important aspect of the Forex Triple B strategy is price divergence. Divergence is when the asset price moves in the direction opposite to what a technical indicator indicates. When a stock is diverging, it signals weaker price trends and the beginning of a reversal.
Trading divergence can be an effective addition to your trading strategy, especially if already using indicators like RSI or MACD to find overbought and oversold levels but should not be replied on by itself and requires practise to get it right. This is why it is good that the Forex Triple B Pro software combines technical analysis with price action analysis.
Pivot Points
Forex Triple B has a pivot level indicator that can show pivot points on your charts for further market analysis. A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. The pivot point itself is simply the average of the intraday high and low, and the closing price from the previous trading day. These powerful indicators are often used to predict potential support and resistance levels in the current or upcoming session.
Forex Triple B Pro Summary
Overall, I am really impressed with the Forex Triple B strategy and the work that Vladimir has put into improving it further over the years based on lots of testing and customer feedback. This manual forex trading systems considers many different aspects of trading from price levels that have shown significant behaviour, divergence and importantly multiple time frame analysis. This keeps you in view of the overall market picture It can be used as it is with the default settings – you do not need to experiment with it unless you wish to. You can simply setup the template and await the signals depending on your level of experience. There is a lot to be learned here from using the Forex Triple B system. It comes with support, lifetime updates, detailed instructions and a 60 day no questions asked money back guarantee.
Forex Triple B
$147
Pros
- Multiple Currency Pairs
- Multiple Timeframes
- Entry/Exit Signals
- 60 Day Money Back Guarantee
- Full Support
- Lifetime Updates
- Detailed Instructions
- No Minimum Deposit
- Any Leverage
- MetaTrader 4
Cons
- MetaTrader 4 Only
- Requires Some User Initiative
- Quite Complex For Beginners
- Takes Time To Learn How To Use
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
